Itching to quit your 9 to 5 to become a full time investor, but don’t know how to get there? This week, we sit down with an investor who has done just that — despite obstacles that could have discouraged his plans had he not been persistent and kept an eye on his end goal.

Listen as Kyle Pettit shares with the BiggerPockets Podcast his story of breaking into the rental and wholesaling sides of the real estate industry, including tips on screening tenants, expanding your marketing reach and tackling the challenges that come with working from home. If you’re struggling to make your mark in world of real estate and wondering when that pivotal point of becoming a full time investor will ever happen, this is the motivation you’ve been waiting for.

Newbies and experienced investors alike, don’t miss out on this informative, entertaining episode!

Sponsor

We just wanted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!

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21 Comments

Thanks for putting on this podcast for almost 2 years! I just left you a 5 star review on iTunes, you guys are amazing.

Quick question for Brandon or Josh or anyone else working on the backend of your podcast – I remember early on you mentioning a service that you use for your ‘Tweetable topics.’ What was that? And do you still do them? If you’ve stopped, why? Not getting enough use?

I ask because I’m working for an online dentistry forum that has started a podcast. I want to emulate some of the success of your podcast and wanted to know what has helped you most to spread your podcast. Any advice would be appreciated!

Hey Brian! Typically I only use $100 as EMD. However, recently, the way I’ve been writing them up is, $100 EMD upon acceptance of contract and to open escrow. Then I put in there for an additional amount to be deposited upon completion of feasibility or inspection period. By that point you should have a deposit from your buyer. Hope that helps!

You talked about tenant screening companies in this podcast and I use SmartMove as well. Is there any good company I can use for tenants without a credit score? Only ITIN or Full name? I deal with a lot of immigrants in my area (East Boston, MA) and would like to be able to do a background check on them based on their name, dob, and maybe ITIN. I have searched the forum with no luck. I currently use MA courts system public records but it’s a pain.

Kyle, I know I’m late to the party on this one but it was a pleasure listening to your podcast, very informative and motivational. I was wondering, you had mentioned you used hard money for some of your acquisitions, how much down payment do they typically require you to put up? Also when you make the offer on a property, would it be a “cash offer” if you are using hard money to fund it? Good luck with your future deals. Karma will treat you well when you continue to treat the deals with respect!

Just a side comment…You know there is a Kyle “Petit” that’s a woman in Santa Rosa Beach FL ? She dabbles in real estate as well along with her ex. A pretty successful couple, mainly from their restaurant experience but just thought it was interesting when I saw this name here. Oliver Petit is her ex husband. “Oli”. They own the Red Bar in Grayton Beach. Pretty popular place actually. Lots of music icons know them and are friends with them. In fact one of the most recent I’ve seen is a video from Luke Bryan where part was shot from within the Red Bar